MultiversX Tracker is Live!

Why is everyone talking about Consolidating UTXOs lately? Is there a way to check how many UTXO's I have if I'm using a Hardware wallet like Trezor?

Bitcoin Reddit

More / Bitcoin Reddit 41 Views

I've been hearing a lot about consolidating UTXO's lately. Never really heard much about it before. Why is this suddenly becoming an issue?

Is it true that having a bunch of small UTXO will cost a lot to spend or move in the future? I always thought it didn't matter how many single transactions I had.

And what constitutes a lot?

If I understand correctly, the answer is to consolidate UTXOs. Is there a specific method to do this, or is it just a matter of sending everything to one single address? Is there an app for it?

Also, is there anyway I can see how many UTXO I have in my hardware wallet UI? I use Trezor.

submitted by /u/Vaginosis-Psychosis
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments